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Binary.com vs IG.com | Broker Comparison

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Basic Information

Year Founded

First broker:

Second broker:

1974

Headquarters Location

First broker:

Second broker:

UK + 14 global offices

Publicly Traded (Entity or Parent)

First broker:

Second broker:

YES

Regulated?

First broker:

Second broker:

YES

Primary Regulator

First broker:

Second broker:

FCA

Minimum Deposit

First broker:

Second broker:

£250

Fixed Spreads?

First broker:

Second broker:

Trading Type

First broker:

Second broker:

Market Maker (Pro: STP)

Commissions on Trades

First broker:

Second broker:

NO (Pro accts Yes)

CFD Loss Rate

First broker:

Second broker:

81% loss rate on CFDs

Maximum Leverage

First broker:

Second broker:

1:30

Currency Pairs Offered

First broker:

Second broker:

General Average Rating - 3 scale

First broker:

Second broker:

2,59

Background

Value

Score

Value

Score

Year Founded

First broker:

Second broker:

1974

3,0

Headquarters location + Offices

First broker:

Second broker:

UK + 14 global offices

3,0

Publicly traded?

First broker:

Second broker:

YES

3,0

Size Measure

First broker:

Second broker:

Annual Revs > $100 million

3,0

Summary Score

First broker:

Second broker:

3,00

Regulatory Compliance

Value

Score

Value

Score

Regulated or unregulated?

First broker:

Second broker:

YES

3,0

Primary regulator

First broker:

Second broker:

FCA

3,0

Multiple compliance

First broker:

Second broker:

ESMA + ASIC + CFTC

3,0

Safety of Deposits

First broker:

Second broker:

Very Secure

3,0

Summary Score

First broker:

Second broker:

3,00

Fees & Charges

Value

Score

Value

Score

Commissions, Fees & Charges

First broker:

Second broker:

Very Competitive

3,0

General

First broker:

Second broker:

Off-hours higher, dormancy

2,0

Spreads

First broker:

Second broker:

Very Competitive

2,0

Summary Score

First broker:

Second broker:

2,67

Investment Products

Value

Score

Value

Score

Stocks - Breadth

First broker:

Second broker:

Expansive

3,0

Forex - Breadth

First broker:

Second broker:

Major, minor, and exotic

3,0

Other: Comm, Crypto, Spread, CFD?

First broker:

Second broker:

Comm, Cryp, CFD, Spread

3,0

Summary Score

First broker:

Second broker:

3,0

Platform experience

Value

Score

Value

Score

MT4 or equivalant

First broker:

Second broker:

Top of the lIne

3,0

Proprietary options

First broker:

Second broker:

Mobile app + platform options

2,5

Special Advanced?

First broker:

Second broker:

High-end support options

2,5

Summary Score

First broker:

Second broker:

2,67

Special Features

Value

Score

Value

Score

Feature A

First broker:

Second broker:

Guaranteed Stop Losses

3,0

Feature B

First broker:

Second broker:

Active Community forums

2,0

Feature C

First broker:

Second broker:

High-end institutional support

2,5

Summary Score

First broker:

Second broker:

2,50

Research Tools/Guidance

Value

Score

Value

Score

Financial Commentary

First broker:

Second broker:

Offsite at Dailyfx.com

2,0

Technical Anlaysis

First broker:

Second broker:

Deep support offline/online

2,0

Other Guidance

First broker:

Second broker:

Trading strategies section

2,5

Summary Score

First broker:

Second broker:

2,33

Education Support

Value

Score

Value

Score

Basic Library

First broker:

Second broker:

Broad - Begin, Inter, and Advanced

3,0

Webinars/Support

First broker:

Second broker:

Offline, IG community

2,0

General

First broker:

Second broker:

81% loss rate on CFDs

1,0

Summary Score

First broker:

Second broker:

2,00

Customer Support

Value

Score

Value

Score

Live Chat, Web, Tele, Offices

First broker:

Second broker:

YES

3,0

Responsiveness

First broker:

Second broker:

Better than Average

2,5

FAQs? Quality?

First broker:

Second broker:

High end

3,0

Summary Score

First broker:

Second broker:

2,83

General Pros & Cons

Value

Score

Value

Score

Pro #1

First broker:

Second broker:

One of World's best

3,0

Pro #2

First broker:

Second broker:

Top platforms & offerings

2,5

Pro #3

First broker:

Second broker:

Broad Market Coverage

2,5

Con #1

First broker:

Second broker:

Other applicable fees

1,5

Con #2

First broker:

Second broker:

No social trading

1,0

Con #3

First broker:

Second broker:

DailyFx.com not integrated

1,0

Summary Score

First broker:

Second broker:

1,92

General Average Rating - 3 scale

First broker:

Second broker:

2,59

Broker links

First broker: Take Me To Broker Read Full Review

Second broker: Read Full Review

Binary.com vs IG.com | Broker Comparison

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